EURUSD Technical Analysis today is in a bearish trend, as shown in the chart below. The Euro Dollar is trading at 1.07899, with trading below most of the moving average crossovers. The MACD indicator also indicates a bearish trend. Accordingly, we can consider selling from a decline to 1.07678, with a target of $1.07439. It is also recommended to choose the $1.08182 area as a stop-loss point to control risk.
EURUSD Technical Analysis: On the Other Hand
On the other hand, if the buy zone at $1.08182 is broken, the Euro Dollar may head towards $1.08355.
EURUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.07998
- First Resistance: 1.07932
- Pivot Level: 1.07890
- First Support: 1.07830
- Second Support: 1.07795
